So I have had my Green for a week, & just got an offer to get the Gold card today in the mail...
Is there a point to upgrading? I can't seem to find any difference except for the higher AF.
**Edited to add: I think the Gold offer is just a mass mailing...so perhaps it would actually be bad to accept it this soon after the Green??
you can just call and product change to gold, platinum, or zync. I would not apply for another charge and take a credit hit.
The account reported to CR's does not indicate what type of account (Green, Gold, Plat). It just indicates AMEX, open date, high balance, etc. So as far as your CR is concerned, there is no difference.
Here is a comparison page:
Gold is supposed to have more comprehensive Travel insurance, misc travel services, gold card events access, international companion fly for free, Hertz rental membership, etc.
If you don't travel alot, don't go to events, don't rent from Hertz, aren't needing to take a companion internationally, etc....then you probably don't need the Gold.
However, if you go to a single event per year, then having access to ticket 2-3 days early in the "preferred seating" sections is worth it. Other AMEX cards can get you early access to tickets, but not to the preferred seating, meaning you have to go nose bleed. So for popular or fast sell out events, this is nice to have.
As for the travel insurance, many cards now provide travel insurance. I just filed a claim through USAA AMEX for trip cancellation due to sickness.